AUDUSD Daily Analysis – December 6, 2018

AUDUSD extended its downside movement from 0.7393 to as low as 0.7224. Further decline is still possible and next target would be at 0.7200, followed by 0.7150. Near term resistance is at 0.7270, a break of this level could bring the price back to 0.7300 zone.

AUDUSD 4-hour chart